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1. | A __________ economy is a moneyless economy that relies on trade.
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| A) barter
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| B) market
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| C) trade
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| D) sans dinero
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2. | A __________ is something accepted by all parties as payment for goods and services.
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| A) mutual capital
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| B) medium of exchange
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| C) medium of barter
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| D) measure of value
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3. | To be successful, money must be __________ .
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| A) portable, non durable, indivisible, and limited in supply
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| B) nontransferable, durable, divisible, and unlimited in supply
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| C) portable, non durable, divisible, and unlimited in supply
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| D) portable, durable, divisible, and limited in supply
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4. | Fraudulent banks that printed large amounts of currency in remote areas to make the redemption of their currency difficult were known as __________ banks.
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| A) wildcat
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| B) brigand
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| C) looter
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| D) serpentine
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5. | Since 1934 the United States has been on a(n) __________ money standard, a monetary standard under which the fiat money supply cannot be converted into gold or silver.
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| A) inconvertible fiat
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| B) convertible fiat
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| C) transmutable fiat
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| D) convertible declaration
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6. | Concern about the safety of bank deposits often caused a(n) __________, rush by depositors to withdraw their funds from a bank before it failed.
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| A) depositor rush
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| B) run on the bank
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| C) run on savings
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| D) withdrawal rush
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7. | Banks that catered to the interests of business and commerce and had the power to issue checking accounts were known as __________ banks.
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| A) demand deposit
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| B) central
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| C) mutual savings
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| D) commercial
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8. | A factor contributing to the savings and loan crisis of the 1980s was _______.
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| A) FIRREA
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| B) bank holidays
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| C) deregulation
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| D) demand deposit accounts
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